Charitable Remainder Trusts (CRT) allow you to provide income
for yourself or someone else from assets you designate for charity.
You receive an immediate income tax deduction for a gift to
the trust and you and/or others you designate receive income
for life from the trust. Ultimately, all property goes to the
designated charity.
If you contribute appreciated, low-yielding property to
the trust, you can avoid capital gains taxes and increase
your income. The trust's assets are insulated from creditors
and are free from federal and state death taxes and probate.
Many individuals use a CRT as a highly flexible supplemental
retirement plan.
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